Obama's Tax Plan

I was going to write about this yesterday, but AT&T had a major server outage in my area, and took a ton of people offline, but we're back now.

So this issue is very simple. The American taxpayers pay all taxes. Corporate taxes are paid out of corporate profits, which are made from people buying goods and services, the price of which always go up when corporate taxes are increased. Obama has made no bones about his plans to increase those corporate taxes, but higher prices is only the beginning, because, as the cost of business gets so high that prices can no longer be raised to compensate, they will take their businesses overseas where the business climate is friendlier. This means less jobs for Americans.

Besides this, Obama wants to allow the Bush tax cuts to end, and despite the fact that the Bush tax cuts have been vilified as having been for the rich only, they actually cut taxes on people making as little as $25,000 a year. See that? This means that his claim of nobody making over $250,000 a year, is a total lie. But the lie is even bigger than that, because the Obama plan, as outlined on his own web site, says that there would be a tax increase on the top two tax brackets, which includes people all the way down to about $185,000 a year. But even that won't pay for all of his proposed spending, meaning that he would have to raise taxes on everyone who pays taxes, and by quite a lot being that we will lose, at the estimate I just heard on the news, 6 Million in just the first couple of years, if Obama is elected.

Obama claims that he will create jobs with big infrastructure projects, but where does the money come from to do that? It can only come from taxes. And those taxes come from us, you and me. Even the "evil" rich people don't have enough money to pay for all of the new spending, even if you took everything they have. So we are going to get screwed on this if Obama is elected.

Now Obama has barred newspapers from his campaign plane, but only those who endorsed John McCain. Doesn't this scare you? It should.